ETF comparison · Dividend and income
JEPI vs JEPQ: overlap by weight, TER & holdings
JPMorgan Equity Premium Income ETF vs JPMorgan Nasdaq Equity Premium Income ETF
Same JPMorgan covered-call machinery pointed at different engines: JEPI at a defensive S&P selection, JEPQ at the Nasdaq-100. JEPQ trades higher yield and growth for tech concentration and drawdown risk.
JEPI vs JEPQ at a glance
| JEPI | JEPQ | |
|---|---|---|
| Fund | JPMorgan Equity Premium Income ETF | JPMorgan Nasdaq Equity Premium Income ETF |
| ISIN | US46641Q3323 | US46654Q2030 |
| Index | Actively managed (S&P 500 covered-call overlay) | Actively managed (Nasdaq-100 covered-call overlay) |
| Market exposure | US equity income | US growth income |
| TER | 0.35% | 0.35% |
| Holdings in fund | 102 | 88 |
| Fund size | ≈ 45.8 bn USD | ≈ 39.9 bn USD |
| Domicile | the United States | the United States |
| Replication | Active (equity + ELN overlay) | Active (equity + ELN overlay) |
| Use of income | Distributing (monthly) | Distributing (monthly) |
| Launched | May 20, 2020 | May 3, 2022 |
Top shared holdings
| JEPI | JEPQ | |
|---|---|---|
| LRCXLam Research Corp. | 1.97% | 3.68% |
| NVDANVIDIA Corp. | 1.92% | 8.51% |
| AAPLApple, Inc. | 1.92% | 7.42% |
| AMZNAmazon.com, Inc. | 1.85% | 4.68% |
| AVGOBroadcom, Inc. | 1.66% | 2.75% |
| MSFTMicrosoft Corp. | 1.62% | 4.97% |
| METAMeta Platforms, Inc. | 1.53% | 3.03% |
| COSTCostco Wholesale Corp. | 1.41% | 1.48% |
| ADIAnalog Devices, Inc. | 1.39% | 1.42% |
| WMTWalmart, Inc. | 1.15% | 2.28% |
| PEPPepsiCo, Inc. | 1.51% | 0.85% |
| NFLXNetflix, Inc. | 0.83% | 1.55% |
| TXNTexas Instruments, Inc. | 0.76% | 1.08% |
| VRTXVertex Pharmaceuticals, Inc. | 1.85% | 0.76% |
| ISRGIntuitive Surgical, Inc. | 0.68% | 0.79% |
Weights per fund, normalized. 33 companies appear in both funds. Based on each fund’s reported top holdings; smaller positions are not included.
What the fee gap costs
Growth of 10,000 invested at 7% annual return, after each fund’s TER: 0.35% for JEPI, 0.35% for JEPQ.
| JEPI | JEPQ | Difference | |
|---|---|---|---|
| After 10 years | 19,037 | 19,037 | 0 |
| After 20 years | 36,242 | 36,242 | 0 |
| After 30 years | 68,996 | 68,996 | 0 |
The two funds charge the same TER, so fees do not separate them. TER only. Trading spreads, taxes and broker fees are not included.
Domicile and withholding tax
Both funds are domiciled in the United States, so fund-level dividend withholding works the same way for both. Domicile does not separate this pair.
Frequently asked questions
Do JEPI and JEPQ overlap?+
Yes: 26.21% by weight, with 33 holdings appearing in both funds. 42.7% of JEPI’s weight is also inside JEPQ.
Which is cheaper, JEPI or JEPQ?+
Neither: both charge 0.35% per year, so cost does not separate them.
Is it worth holding both JEPI and JEPQ?+
They overlap less than similar-looking funds (26.21% by weight), so holding both can make sense when you want each fund’s distinct exposure. Check the shared-holdings table for what you would be doubling up on.
More comparisons
Methodology
Overlap is the sum of min(weight A, weight B) across holdings that appear in both funds, with each fund’s stored weights normalized to 100%. Holdings come from issuer feeds and regulatory filings in our ETF holdings database; TER and fund size come from fund profile data and are refreshed regularly. Figures update when the underlying holdings data updates.
Holdings data as of Jun 30, 2026, from our ETF holdings database.